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Nissan Turns A Profit For The First Time In Two Years As Pigs Fly, Hell Freezes Over
['Andy Kalmowitz']
Jalopnik - Obsessed with the culture of cars
While Nissan might be doing its happy dance today, Toyota isn't having quite as good a time.
The automaker is expected to post its fifth straight quarterly operating profit decline as a weak yen, sour vehicle sales, and rising costs ravage its business.
Global sales in the quarter were dragged down by a 28% decline in China and a one-third drop in the Middle East.
[...] Toyota's sales in Oceania fell 16%, while those in Central and South America were down 5%.
Some of Toyota's woes can also be attributed to the fact it can't get RAV4s out the door fast enough.